North Korea's first postwar currency series, issued in 1947, was introduced by the newly established Central Bank as the Soviet-backed government consolidated administrative control north of the 38th parallel. The 1947 won series replaced the Japanese colonial yen-denominated notes that had continued circulating after liberation, and the chon denominations were the fractional working end of that system — the notes most likely to actually pass through hands in markets and state shops.
P#6 is among the smallest denominations in the series. Surviving examples in any condition are harder to locate than the higher values, consistent with the pattern of heavy small-denomination attrition in command economies where fractional notes wore out faster than they were replaced.
North Korea's first postwar currency series, issued in 1947, was introduced by the newly established Central Bank as the Soviet-backed government consolidated administrative control north of the 38th parallel. The 1947 won series replaced the Japanese colonial yen-denominated notes that had continued circulating after liberation, and the chon denominations were the fractional working end of that system — the notes most likely to actually pass through hands in markets and state shops.
P#6 is among the smallest denominations in the series. Surviving examples in any condition are harder to locate than the higher values, consistent with the pattern of heavy small-denomination attrition in command economies where fractional notes wore out faster than they were replaced.